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UK - Bank of England raises Interest Rates for 12th time a row

  • Farrell & Farrell
  • May 11, 2023
  • 1 min read

The Bank of England has announced today they will raise the interest rate from 4.25% to 4.5%.


Therefore, this is the 12th consecutive increase due to inflation remaining stubbornly high.


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Farrell & Farrell CA Limited (trading as Farrell & Farrell) is registered in NI with registration number NI 639336. Registered with The Chartered Institute of Taxation as a firm of Chartered Tax Advisers. Registered to carry on audit work and regulated for a range of investment business activities by Chartered Accountants Ireland (CAI). Details about our audit registration can be viewed at www.auditregister.org.uk under reference number 3044856.

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